Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.22B |
| 2 |
Alibaba
BABA
|
+$408M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$292M |
| 4 |
Gilead Sciences
GILD
|
+$218M |
| 5 |
Ford
F
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.37B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.18B |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$619M |
| 4 |
Bank of America
BAC
|
+$487M |
| 5 |
Booking.com
BKNG
|
+$406M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.53% |
| 2 | Consumer Discretionary | 2.02% |
| 3 | Financials | 1.63% |
| 4 | Healthcare | 1.38% |
| 5 | Energy | 1.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
PUT
Intercontinental Exchange
ICE
$91.5B
| $57.3M | 0.02% |
1,307,500
-613,000
| -32% | -$26.3M |
|
652
Valero Energy
VLO
$99.6B
| $57.3M | 0.02% |
1,157,762
-1,708,794
| -60% | -$82.8M |
|
653
PUT
Baxter International
BAX
$13.7B
| $56.9M | 0.02% |
1,429,905
-672,149
| -32% | -$26.2M |
|
654
CALL
CSX Corp
CSX
$95.3B
| $56.9M | 0.02% |
4,709,400
+1,300,500
| +38% | +$15.2M |
|
|
ETP
655
PUT
DELISTED
Energy Transfer Partners L.p.
ETP
| $56.5M | 0.02% |
869,700
-2,200
| -0.3% | -$141K |
|
656
CALL
Eaton
ETN
$159B
| $56.5M | 0.02% |
831,500
+357,800
| +76% | +$23.6M |
|
657
CALL
Duke Energy
DUK
$95.1B
| $56.2M | 0.02% |
673,300
-37,200
| -5% | -$3M |
|
658
CALL
Expedia Group
EXPE
$40.7B
| $55.9M | 0.02% |
655,100
-892,200
| -58% | -$75.7M |
|
659
Deutsche Bank
DB
$72.2B
| $55.9M | 0.02% |
2,085,552
+999,988
| +92% | +$28.1M |
|
660
CALL
Darden Restaurants
DRI
$25.6B
| $55.7M | 0.02% |
1,063,318
-323,191
| -23% | -$15.7M |
|
|
GG
661
DELISTED
Goldcorp Inc
GG
| $55.7M | 0.02% |
3,005,967
+1,424,167
| +90% | +$29.2M |
|
662
PUT
Kimberly-Clark
KMB
$37B
| $55.5M | 0.02% |
480,300
+43,492
| +10% | +$4.83M |
|
663
CALL
MGIC Investment
MTG
$6.38B
| $55.5M | 0.02% |
5,949,900
+2,049,700
| +53% | +$18M |
|
664
PUT
Applied Materials
AMAT
$384B
| $55.3M | 0.02% |
2,220,300
-1,137,900
| -34% | -$25.7M |
|
665
PUT
Rio Tinto
RIO
$170B
| $55.3M | 0.02% |
1,201,100
+442,200
| +58% | +$20.8M |
|
|
COV
666
PUT
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $55M | 0.02% |
538,000
-369,800
| -41% | -$35.5M |
|
667
CALL
D.R. Horton
DHI
$41.7B
| $54.9M | 0.02% |
2,172,300
+155,800
| +8% | +$3.65M |
|
668
CALL
Vipshop
VIPS
$6.88B
| $54.9M | 0.02% |
2,811,000
-1,449,000
| -34% | -$30.6M |
|
669
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.06B
| $54.9M | 0.02% |
1,347,700
-1,045,800
| -44% | -$41M |
|
670
CALL
United Rentals
URI
$67.4B
| $54.8M | 0.02% |
537,200
-50,600
| -9% | -$5.42M |
|
671
GSK
GSK
$104B
| $54.8M | 0.02% |
1,025,278
+118,013
| +13% | +$6.6M |
|
|
PCYC
672
CALL
DELISTED
PHARMACYCLICS INC
PCYC
| $54.6M | 0.02% |
446,600
-130,200
| -23% | -$16.6M |
|
673
FedEx
FDX
$79.1B
| $54.5M | 0.02% |
313,766
+202,679
| +182% | +$34.3M |
|
|
PAY
674
CALL
DELISTED
Verifone Systems Inc
PAY
| $54.5M | 0.02% |
1,464,700
+990,600
| +209% | +$34.9M |
|
675
PUT
Mercado Libre
MELI
$98.8B
| $54.3M | 0.02% |
425,100
+138,300
| +48% | +$17.5M |
|
Similar funds
Jeff Yass's Q4 2014 Portfolio in Review
As of Q4 2014, Jeff Yass held 10,737 positions worth $252B, down 3% from $260B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass withdrew a net $10.2B in Q4 2014, closing 1,178 positions and reducing 4,352 holdings. Its most notable exit was Bausch Health, an estimated $68.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, up from 2.2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Northern Trust Morningstar Global Upstream Natural Resources ETF worth $31M.
- Jeff Yass's largest Q4 2014 buy was Northern Trust Morningstar Global Upstream Natural Resources ETF: 1,011,289 shares worth $31M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $1.22B increase.
- Jeff Yass's biggest Q4 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.37B.
- Jeff Yass fully exited Bausch Health in Q4 2014, selling an estimated $68.9M.
- Jeff Yass's ten largest holdings make up 23% of its $252B portfolio in Q4 2014.
- Jeff Yass opened 1,370 new positions and closed 1,178 in Q4 2014.
- Jeff Yass's portfolio value fell 3% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2014, filed 17 Feb 2015.